The
global vacuum grease market is expected to reach USD
155.9 million by 2025, growing at a CAGR of 6.0%, according to a new report by
Grand View Research, Inc. Increasing use of high precision machines operating
under vacuum environments is leading the demand for vacuum grease to provide
lubrication in high temperature and pressure environments. Also, its demand is
rising owing to its wide acceptance as a safe sealant among industries such as
food processing, automotive and aerospace.
Vacuum
grease, available in various variants depending on the base oil used, such as
silicone based, hydrocarbon based, and fluorocarbon, is largely used as a
sealant of O-rings, bearings, valves in vacuum environments. Europe and North
America, were estimated as the dominant regions comprising a maximum share of
the market in 2016. The growth in these regions are led by Germany and U.S.
respectively. Germany, one of the largest exporter of food processing
equipment, was estimated to be the largest consumer.
In
terms of revenue, the global vacuum grease market in 2016 was driven by its
applications in laboratory, food processing, automotive, and aerospace
industries. In 2016, Europe and North America, emerged as the largest regional
segments owing to the rapid investment and focus on research activities in academic,
health care, and industrial sectors.
The
demand is expected to witness significant growth in Asia Pacific region owing
to the demand from end use industries such as manufacturing and aviation. Also
in 2016, fluorocarbon based type was estimated to comprise the largest market
share in terms of revenue. Food processing industry in Asia Pacific region is
growing at a rapid pace, providing lucrative opportunities for the new entrants
in this region. However, the presence of large number of unorganized manufacturers
is expected to slow down the anticipated expansion of the key manufacturers to
certain extent.
U.S. vacuum
grease market revenue by application, 2014 - 2025 (USD Million)
Browse full research report on Vacuum
Grease Market: http://www.grandviewresearch.com/industry-analysis/vacuum-grease-market
Further
key findings from the report suggest:
- Fluorocarbon based grease was estimated to
possess maximum market share in terms of value in 2016 attributed by its
ability to attain high profit margin for the manufacturers catering to the
aerospace industry.
- Automotive & aerospace industry emerged as
the largest application segment in terms of revenue in 2016 and is
estimated to reach USD 46.44 million by 2025. Increase in the investment
and production capacities of automotive industries in Asia Pacific and
Europe regions is expected to boost the growth over the years ahead.
- The U.S. market in terms of revenue was valued
USD 24.95 million in 2016 and is estimated to reach USD 40.95 million by
2025. The market in Asia Pacific is projected to witness substantial
growth in aerospace, manufacturing and food processing industries in China
and India. Also, Asia Pacific regions is expected witness fastest growth
over the forecast period.
- Key players including Dow Corning Corporation,
M&I Materials Ltd., Castrol Limited, The Chemours Company dominated
the global market with significant market presence.
Access
Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-vacuum-grease-market
About
Grand View Research, Inc:
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, the company offers market intelligence
studies ensuring relevant and fact-based research across a range of industries
including technology, chemicals, materials, healthcare and energy.






